The PV industry is in the doldrums. Backdoor success

Cao Kai 2009 IPO not Fruit of the sea Run Photovoltaic Technology Co., Ltd. (hereinafter referred to as "sea run Photovoltaic") can successfully borrow the shell listing, will be announced today.　　St Shannon (600401.SH), backdoor of the sea-run PV program, issued a notice yesterday that the SFC is scheduled to review the sale of major assets on August 24 and to absorb the combined sea-run PV issue with new shares.　　According to the announced reorganization plan, St Shannon intends to sell all assets and liabilities to the controlling shareholder of Jiangsu Shannon Venture Group Co., Ltd., realize the net shell reorganization, and add a shares to share the share of the sea-run PV 100% Equity, the issue price is 3 yuan per share. The estimated valuation of the assets of the listed companies is about $2.32 billion, and the estimated estimate of assets and liabilities is about $280 million. St Shannon intends to issue about 773 million shares to the sea-run PV shareholders.　　After the completion of the transaction, the company's total share capital of about 1.031 billion shares, Hai-run PV shareholders Zijin Electronics and the concerted action of about 41.8%, Zijin electronic Actual control Lukeping will become the St Shannon actual Control person. St Shannon was suspended from the market in April 2009 for three consecutive years.　　After the completion of the transaction, St Shannon's main business will be from the soft plastic color printing and composite packaging products production and sales, to become more solar cells with monocrystalline silicon rods/tablets, polycrystalline silicon ingots/tablets, solar cells and components of the development, production and sales. January 2008, the Sea run photovoltaic change for the company Limited, began to plan IPOs.　　Analysts said that due to the sharp decline in performance, the 2009 Hai-run PV IPO plan aborted. Unfortunately, this year, PV companies are in trouble again. In the two quarter of this year, the overall performance of PV companies has declined significantly. CLP PV Two quarterly revenue growth of 22.4% (up to 144 million U.S. dollars), but the chain decreased by 13%, the company net loss of 16.9 million U.S. dollars.　　The solar energy also showed a 35.4 million dollar loss, with net profit of $28.8 million last year. The decline in the performance of photovoltaic companies is particularly evident in the capital markets. U.S. time in Friday, LDK, Guinness, Suntech, Hua New energy shares have plummeted, and some even fell more than 9%.　　Even if Yingli Green energy has relatively good performance, affected by the market, there is a 6.57% decline.　　The main reason for the decline in the PV industry is the decline in PV prices, which is behind the poor demand in the European PV market, and another important cause of the current heavy overcapacity in the industry. According to IMS, the first half of 2011, the average annual production capacity of the global PV industry reached 35GW, far exceeding the market demand of 19GW.　　This means that the global PV capacity release rate will only be about half, and if the calculation of the proportion of orders concentrated on the manufacturers, the days of SMEs will become extremely difficult. Soapy Solar Photovoltaic network said that the data show that the current component manufacturers hand inventory has exceeded 10GW, and 2010 This number is 5GW leftRight。 The Soapy solar grid analyst believes that even after 2011 years of surviving, after the market warming, there will still be a new round of expansion boom, there will still be excess potential, so the photovoltaic industry's voice is almost always in the hands of large enterprises, and the Chinese government's support for photovoltaic, small and medium-sized enterprises can hardly enjoy, tax relief, Loans, technology support and so on are only in the hands of large enterprises.